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Why to choose the insurance
for managers liability?

  • Protection for managers and company assets
  • Fulfilling the legal requirements regarding the obligation to insure the managers of joint stock companies.

Discover main coverage
 

Coverage in case of culpable acts (negligence, omission) that may cause harm to a third party
Extended coverage in case of decisions regarding labor legislation
Covering the company in connection with securities trading

A suitable insurance for your business

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Business decisions can sometimes have unpleasant consequences, likely to affect your assets or even your reputation
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In order to protect yourself in such unpleasant situations it is necessary to be insured
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The insurance for manager liability protects your business

Want to notify a claim?

Frequent Asked Questions (FAQs)

  • The period of precedence 
  • Loss limiting expenses 
  • Emergency costs 
  • Discovery period (extended) 
  • Notification of circumstances 
  • Extradition and other procedures (expenses) 
  • Defense costs in case of culpable homicide 
  • Defense costs related to pollution 
  • Automatic coverage of new affiliates 
  • Automatic hedging for new public offerings of securities
  • Expenses with civil or criminal guarantees / sureties Image restoration costs 
  • Civil and administrative fines.

Individual policy - is concluded by a natural person who holds a managerial position in a company.

or

Policy per company - is concluded by a company (SA, SRL) as a contractor, for all managerial positions, according to the organizational chart. The policy is global, without naming the insured persons. The insured persons are the natural persons who were, are or will be the occupants of the managerial positions during the insurance period.

According to the legal provisions, the following managerial positions must conclude insurance: members of the Board of Directors, members of the Board of Directors, members of the Supervisory Board (for audited companies with dual management system).

The managerial positions that can be secured are:

  • Chairman of the Board of Directors
  • Administrator
  • CEO 
  • Deputy General Manager 
  • Executive Director 
  • Any other director who has the authority of the general manager.

Get advice

The period of precedence

We recommend that the insurance include the option regarding the period of precedence.

The precedence period represent a period before the entry into force of the policy in which deeds committed by the insured are covered and which result in claims received by the insured during the insurance period.
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Do you look for certain documents
and forms? 

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In Download Center you can find all the useful documentation.
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